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FOX Business
Dec 5, 2013 1:00pm EST
wineries up in napa. >> that's right. cheryl: i don't know what i'm drinking where the grapes are from and borrowing that and selling that? >> that's correct. there is a shadow bulk wine market where there are huge lots of half million gallons of wood chip central valley shard dough ney too. -- shard today ney. i buy needles in haystack. i bought like this wine here and sell it. when it is gone it is gone. we also make a lot of wine, right? 70 to 80% of what we made this year we made ourselves because of shortages after 10 or 11. we had to contract fruit. make wine with partner wineries. lease thousands of barrels from ge capital and make wine virtually. adam: you're making wine. being negotiated i think is the term. we heard stories, is this true or not. there is a wine shortage worldwide? >> absolutely. this report that came out, two reports came out from investment banks, aussie investment banks, both of which, my own understanding these are pump a duck schemes for treasury stock. basically what they are. and they take the oib report. they don't accurately report the numbers. s
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